US EditionUK Freezes £25 Billion in Russian Assets Since Ukraine Invasion
- Belgian Prime Minister Bart De Wever warned that seizing nearly €200 billion of frozen Russian assets would be 'an act of war' and could lead to geopolitical consequences for Europe.
- De Wever expressed concerns that this action could lead to systemic risks to the entire financial world system and provoke retaliation from Moscow.
- European nations, including France, the UK, and Spain, are considering utilizing frozen assets to support Ukraine's defense efforts.
- Legal issues involving Euroclear, which manages the frozen assets, raise concerns about potential claims from asset holders if funds are transferred to Ukraine.
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US senators push Trump administration to seize Russian assets for Ukraine, Reuters reports
In a letter to Secretary of State Marco Rubio seen by Reuters on March 24, senators questioned the administration’s willingness to use all available financial tools to pressure Russia into ending its war against Ukraine.
·Kyiv, Ukraine
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British government freezes £25bn worth of Russian assets
The British government has frozen Russian assets worth around 25 billion pounds (29.8 billion euros) since the start of the war in Ukraine in February 2022, official data released on Friday showed, AFP and DPA reported.
·Romania
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Coverage Details
Total News Sources45
Leaning Left6Leaning Right3Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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